Open-end investment funds in Croatia

Bojan Morić Milovanović, Graduate School Of Economics And Business, Zagreb, CroatiaFran Galetić, Graduate School Of Economics And Business, Zagreb, Croatia

AbstractThis work discusses investment funds in Croatia, with a particular emphasis on openend investment funds. After a short review of the development of the funds, the perception of the funds is analysed, as are the trends in total assets and in average yields. The degree of concentration of open-end investment funds is shown with statistical measures of concentration (the Gini Coefficient, the Lorenz Curve and concentration ratios). All these indicators show that the concentration is moderate to strong. The greatest yields are given by the equity funds, but these are also the most risky.